KingSett Capital is selling its 4.5-acre Valhalla Village, a site along the Highway 427 corridor in the western part of Toronto which is slated for almost a million square feet of redevelopment. “The investment sits within KingSett’s Growth Fund, which
A couple of key paragraphs from the article linked above:
The entitlement process for Valhalla Village began last October. The anticipated approval of the rezoning application, which contemplates 36-, 27- and 21-storey towers and one 10-storey mid-rise building totalling approximately 986,500 square feet of gross floor area, is expected by the first quarter of next year.
“The site has received positive feedback and it allows a prospective buyer to finalize the planning process while creating a design/unit mix that works for their needs — whether it be condo, rental, seniors or a combination thereof,” said Picken.
“We expect a new purchaser to benefit from the work that has already taken place and use their own expertise to continue the development process moving forward through zoning and the sales and purchase agreement,” said Picken.
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I am a big fan of that podium structure. That second level may be a little barren during the colder months, but I would consider it an amenity in itself during the summer months. Hopefully pollution from the 427 is not too bad here.